Tag: finance
Remittances or ruin: N. Korean authorities target defectors’ families for remittance...
State security officers in Hoeryong have intensified pressure on defectors' families, forcing them to confess to receiving illegal remittances. Under relentless intimidation, many families...
Wonsan-Kalma facilities must register foreign currency payment systems
North Korea has ordered all commercial facilities in the Wonsan-Kalma Coastal Tourist Zone to register their electronic foreign currency payment systems by May 14.
The...
N. Korean soldiers bribe commanders for coveted ‘work brigade’ assignments
Many North Korean soldiers are locked in fierce competition for coveted "work brigade" assignments, where military oversight is significantly more relaxed than standard barracks...
N. Korean security officials extort money from defectors’ families
Security officials in North Korea's northern border city of Hoeryong are pressuring families of defectors to confess receiving money from relatives abroad and surrender...
S. Koreans must think twice before selling N. Korean currency online
Many South Koreans use online secondhand trading platforms to sell unwanted items or find bargains, but selling North Korean currency on these platforms is...
N. Korean car smugglers face heavy losses as Chinese traders inflate...
Used car smugglers in Hyesan are growing increasingly frustrated over mounting debts caused by Chinese sellers charging excessive prices for vehicles.
"Large cargo trucks carrying...
Empty wallets: North Korean farmers struggle as loan sources dry up
North Korean agricultural officials are scrambling to secure funding for farming supplies as the growing season gets into full swing. However, wealthy North Koreans...
S. Korean cosmetics gain popularity among middle-class N. Korean women
North Korean women are now sacrificing basic necessities to acquire South Korean cosmetics, once accessible only to the wealthy elite.
According to a source from...
Why a $300 billion development fund is needed to achieve sustained...
Any initiative aimed at persuading Chairman Kim to cease hostilities and set aside North Korea’s nuclear armament needs to include, at a minimum, a...
Economic shift: N. Korean regime allows top firms to conduct independent...
North Korea has granted independent trading authority to major trading companies and first-class enterprises under various ministries and central government agencies.
According to a Daily...
